The news is mournful for Vice President Joe Biden. His son, Beau Biden, died from a brain tumor at the age of 46 over the weekend. Secretary of State suffered a tumble while biking in France and is heading back to the U.S. to repair a broken leg. In the U.S., the Chicago Blackhawks will be facing Tampa Bay Lightning in the battle for ice hockey’s Stanley Cup.
U.S. case against FIFA points to direct link to headquarters in Switzerland. The Depart of Justice is alleging that tens of millions of payments came from bank accounts in Zurich to a Caribbean soccer group; the money was then funneled to get votes to hold the 2010 World Cup in south Africa.”The size of the transfers, allegedly sent in three installments, meant they needed signed approval from within a small group of executives who work at FIFA’s highest levels, former and current FIFA officials say.” Wall Street Journal (paywall)
Vanguard joins Fidelity in battle against TBTF for asset managers. Vanguard says the plan by the Financial Stability Board is flawed. Too Big To Fail asset managers would be required to hold more capital against investments. Bloomberg
The death toll in India from the heat wave has crossed 2,200 although scattered rain provided a modicum of relief over the weekend. Drought or no drought, the pollution in India has caused lung damage to half of the 4.4 million children in New Dehli. Business Insider, New York Times (payall)
China is shutting down its ivory industry. The government “destroyed 662kg of confiscated ivory in a symbolic gesture of the country’s commitment to fighting African elephant poaching. China hopes to eventually end the domestic manufacturing and sale of ivory in the country.” The Verge
Your email typos can make you sound happier. Or angrier. Even dumber, according to Andrew Brodsky, who is studying for his Ph.D. at Harvard Business School. Business Insider
Why did the 20th hijacker involved in 9/11 terrorist attack have a phone number for Blackwater in his address book? Washington Blog is asking.
Photo by Trey Ratcliff via Flickr.